VOLUNTEER FIRE COMPANY #1 NEW BUFFALO (EIN 232056760) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

KEVIN BISSONNETTE

Phone

7178345811

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER FIRE COMPANY #1 NEW BUFFALO, founded in 1950, is a small nonprofit that reported $112K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $190K exceeded revenue, resulting in a 69% operating deficit.

Mission

VOLUNTEER FIREFIGHTING AND RELATED SERVICES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $101,493

Program Service Revenue $120

Investment Income $28

Other Revenue $10,772

TOTAL REVENUE $112,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,517

Other Expenses $189,517

TOTAL EXPENSES $189,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,413	$90,828	+0.2%
Expenses	$189,517	$207,822	-0.1%
Net Income	$-77,104	$-116,994	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY O'NEIL	TRUSTEE	010.00	Director	$0	$0	$0
WYATT YOUNG	TRUSTEE	010.00	Director	$0	$0	$0
NATHAN DEITER	TRUSTEE	010.00	Director	$0	$0	$0
JEFFREY CHECCHIO	MEMBERSHIP SEC	010.00	Director	$0	$0	$0
CHRISTOPHER DEITER	PRESIDENT	010.00	Officer	$0	$0	$0
HUNTER JONES	VICE PRESIDENT	010.00	Officer	$0	$0	$0
MICHAELA RUGH	SECRETARY	010.00	Officer	$0	$0	$0
KEVIN BISSONNETTE	TREASURER	010.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$112,413	$189,517	$563,994	$-77,104
2023	$90,828	$207,822	$711,795	$-116,994
2022	$88,986	$115,923	$456,293	$-26,937
2021	$105,090	$89,789	$524,429	$15,301
2020	$136,165	$146,856	$493,194	$-10,691
2019	$116,585	$102,949	$518,309	$13,636
2018	$109,309	$75,633	$513,213	$33,676

VOLUNTEER FIRE COMPANY #1 NEW BUFFALO